Navigating the crypto realm can be intimidating when you’re just getting started, from determining which marketplace is suited for you to wrapping your brain around minting, gas costs, and digital wallets. If you’re considering making and selling your own NFTs, we’ve got you covered. We asked four Verisart certified NFT makers to share their success recommendations.
Find the right marketplace for you
There are several marketplaces where you may purchase and trade NFTs. OpenSea has the most comprehensive collection of crypto collectibles. From NFT artwork to game objects, trading cards, and other digital collectibles, you can mint it all. Anyone can purchase, sell, and trade NFTs on the platform, making it a popular choice for companies wishing to reach a large audience.
If your goal is to increase sales, looking at the average sales price and quantity on each platform can be beneficial. Verisart assists artists in minting and listing works for sale on OpenSea and Rarible, but any NFTs produced on Ethereum markets can be certified by artists.
Use a Testnet
Artists can use test-nets before minting their artworks on some NFT marketplaces, such as Rarible and OpenSea. Testnets are the same software that powers cryptocurrencies, and they’re frequently used to conduct experiments without disrupting the main chain. Testnets are beneficial to NFT artists in terms of acquiring a better grasp of the process and preventing mistakes.
Mint your NFTs when gas fees are low
The computational mining power necessary to process transactions on the Ethereum blockchain is covered by gas charges. These charges change in response to real-time network traffic. In other words, when the network is congested, gas prices are substantially higher.
To avoid paying high costs, try minting when the Ethereum market is quiet. Melissa Duarte, a Brazilian digital and NFT artist, says, “I tend to mint only when the days are peaceful and still, I set my Metamask to a maximum GWEI [a small unit of ETH] value that I believe can be reached in a few hours.” Etherscan is a great tool for artists who want to keep track of real-time gas prices by time of day and location.
Understand how to market yourself on social media
You can’t expect marketplaces to do everything for you. Understanding how to correctly advertise yourself on social media is critical for attracting potential collectors, establishing a reputation, and increasing your art’s discoverability. Wood explains, “It’s not just about minting; I’ve sold more [NFTs] as a result of marketing more.”
Connect with other artists
Social networking is also a terrific method to connect with other creators who share your interests. Without the support of the community on which it is based, the NFT market would not be what it is today. “Because the market is driven by other artists, it helps to amplify each other’s thoughts,” says Lev Libeskind, a founder member of the Libeskind Arts NFT group.
Andrew Wood attributes his 16k Twitter followers to the fact that he distributes content from other producers on his feed on a daily basis. This had a knock-on effect, with other artists and collectors discovering his work as a result of the gesture. Many NFT artists collect NFT artwork from other NFT artists in the community, so who knows, maybe this will result in a few sales!
Stand out from the crowd
While some artists earn a career off of selling NFTs, many others struggle to gain recognition. “It’s not that simple.” NFT artists hope to follow in the footsteps of Beeple and sell their pieces for $65 million, but the market is saturated, according to Wood. “Getting attention is extremely difficult,” explains Lev Libeskind. Define what makes you distinctive as an artist and run with it to stand out from the pack. “I stood out a lot for doing what I wanted,” Melissa says, “and I’ll always do the art I want to make, not the art I think would sell better!”